Everything great in the world is done by neurotics; they alone founded our religions and created our masterpieces. ~Marcel Proust

Thursday, May 26, 2011

The Economic Truth Is Starting To Leak Out

I love reading ZeroHedge. It is the only site that tells the real or opposing truth about our economy. It's not that everything they say is true, but it's a hell of a lot more accurate and detailed than that garbage that corporate America spews out.

So today, on the heels of some really terrible numbers over the last two weeks, like car sales and durable goods...GDP was revised down to 1.8% for the first quarter and unemployment claims once again shot beyond 400k.

Zero Hedge told it like it was. Corporate America, ala CNN, minimizes all bad news. This fluff is passed on as "journalism." The CNN headline today reads "Economy Faces Headwinds." Good gawd.

If the dollar drops to zero, they'll say the new fantastic exchange rate will lead to huge exports. The media is absolutely scandalous- they don't just put lipstick on pigs- they do extreme makeovers on swine.